Introduction To By Grant Tod FCIOB (Founder) - PowerPoint PPT Presentation

Introduction To By Grant Tod FCIOB (Founder) www.bstructured.co.uk #minrisk2maxmargin

Brief History: Grant Tod: Graduated in 1999 from University of Paisley (now University of West of Scotland) with a BSc • (Hons) in Construction Management Achieved MCIOB status (Member of the Chartered Institute of Building) in 2002 and FCIOB • status 2017 Over the last 20 years worked for a mixture of specialist subcontractors & main contractors • QS Advisor Limited/Bstructured: Bstructured is a brand name of QS Advisor Limited • • QS Advisor was formed in 2012 • Focusing on providing a proactive & flexible Quantity Surveying Solution for Small to Medium Sized Contractors, Sub-Contractors & Specialists • QS Advisor Limited is a Chartered Building Consultancy (CBC), which is regulated by the Chartered Insitute of Building (CIOB) www.bstructured.co.uk #minrisk2maxmargin 2

CONTACT DETAILS: GRANT TOD; FOUNDER OF BSTRUCTURED (PART OF QS ADVISOR LIMITED) E-MAIL: grant@qsadvisor.com LINKEDIN: www.linkedin/in/granttod WEBSITE: www.bstructured.co.uk www.bstructured.co.uk #minrisk2maxmargin 3

Value Proposition Statement: Our strategy platform is for small to medium sized contractors, subcontractors & specialists. This project tool collaborates the commercial and contract management tools from inception to completion of your project obligations. Our product is a must to enhance margin expectations by mitigating risk from the start and through the currency of your project. It provides an easy to use and concise step by step format. www.bstructured.co.uk #minrisk2maxmargin 4

What is Bstructured: Lets start off with a definition for structured: • “having definite and highly organised structure” What does this mean for you: • Have a method from getting from A to B, but in a more logical/less risky approach • A is the commencement of your involvement with the project • B is the completion of all your requirements/obligations of the project (i.e. where you • can close the book!) It consists of several key tools/methods used during the currency of a project. It is split into 3 key • Phases: Pre Contract Phase • Construction Phase • Post Contract Phase • www.bstructured.co.uk #minrisk2maxmargin 5

• It brings together the key members of the construction team by: • Making the whole team accountable • The need for teamwork • Collaboration between the team • There is no them or us anymore within the team • This collaboration/teamwork will not only assist with mitigating risk, but also: Eliminate high % of non-recoverables • Minimise programme implications • Make supply chain more accountable • Maintain margin/margin betterment • www.bstructured.co.uk #minrisk2maxmargin 6

AIM: ABOVE ALL IT IS TOOLS TO MINIMISING RISK BY MAXIMISE MARGIN!! www.bstructured.co.uk #minrisk2maxmargin 7

The Bstructured Post-Contract Phase Method Or (as we like to call it): “The Pre-Contract Phase Construction Phase Synergy Strategy” www.bstructured.co.uk #minrisk2maxmargin 8

This is where: The three main Phases are working together (i.e. in synergy). • Each division has merits that if not completed successfully will not allow the other two divisions to • have a successful transition If all divisions are working together you have a solid structure that will last • www.bstructured.co.uk #minrisk2maxmargin 9

IF ALL DIVISIONS ARE NOT WORKING TOGETHER THIS IS WHAT HAPPENS: www.bstructured.co.uk #minrisk2maxmargin 10

s e a P h c t r a n t C o t - o s P Pre- Construction Construction Phase Phase www.bstructured.co.uk #minrisk2maxmargin 11

NOT A GOOD DESIGN A DESIGN THAT IS FLAWED WITH: Inconsistencies • No collaboration • Resulting in • RISK RISK RISK!!! www.bstructured.co.uk #minrisk2maxmargin 12

This process uses and adopts the use of a group of professionals to collaborate, engage, coach & mentor your business into a structure that can: “Minimise Risk To Maximise Margin” Planning Commercial Project Management Management Business Accounting www.bstructured.co.uk #minrisk2maxmargin 13

SO LETS LOOK AT EACH DIVISION IN TURN www.bstructured.co.uk #minrisk2maxmargin 14

Pre-Construction Phase www.bstructured.co.uk #minrisk2maxmargin 15

Project Tender Award Tender Review & & Enquiry Submission Contract Cost Cashflow Control Control Internal Handover Supply chain Planning manage ment www.bstructured.co.uk #minrisk2maxmargin 16

Construction Phase www.bstructured.co.uk #minrisk2maxmargin 17

Supply chain Cost Payments Planning Control manage ment Completion Internal Change External Meetings Manage Meetings ment www.bstructured.co.uk #minrisk2maxmargin 18

Post-Contract Phase www.bstructured.co.uk #minrisk2maxmargin 19

Supply chain manage ment Change Paymen Cost External Manage ts Control Meetings ment Internal Planning Meetings www.bstructured.co.uk #minrisk2maxmargin 20

PRE CONTRACT PHASE : BREAKDOWN OF EACH SUB PHASE www.bstructured.co.uk #minrisk2maxmargin 21

Pre-Contract Phase Tender Cost Tender Review & Control Enquiry Submission CVR/Cost • Tender Enquiry • Tender • Report Letter Qualification Sheet Prelim • Tender Build Up • Sheet sheet www.bstructured.co.uk #minrisk2maxmargin 22

Project Award & Internal Planning Contract Handover Contract • • Estimators Checklist Cashflow • Handover • Sample Projection/ Minute Responses if Forecast issues Prelim Sheet • Sample • response if no issues www.bstructured.co.uk #minrisk2maxmargin 23

CONSTRUCTION PHASE : BREAKDOWN OF EACH SUB PHASE www.bstructured.co.uk #minrisk2maxmargin 24

Procurement • Schedule Daily Site Diary • Planning Request for • Further Information (RFI’s) www.bstructured.co.uk #minrisk2maxmargin 25

Change Control • Register Variation • procedures Architects/client’s • instructions Instruction • Change Schedule Management Confirmation of • Verbal Instruction (CVI’s) Instructions to • Supply chain Delay Notice • (EOT) Early Warning • Notice (EWN) www.bstructured.co.uk #minrisk2maxmargin 26

Forecast Final • Account (FFA) CVR Template • Valuation Valuation/AFP • & Template Cost Control Financial • Position per Contract Default notice • to client Invoice • Template Cash Position • Schedule www.bstructured.co.uk #minrisk2maxmargin 27

External Internal Meetings Meetings Progress report Contract Review • • meeting & minutes Cash Position • Schedule Commercial/H&S/ • Contract position Ongoing lessons • learned www.bstructured.co.uk #minrisk2maxmargin 28

Supply chain Letting Analysis • management • Main Sub-order content Letter of Intent • www.bstructured.co.uk #minrisk2maxmargin 29

Subcontractor • Payments Payment Notices • Payless Notices • Subcontractor • Payments to Val Cert Subcontractors Breakdown Subcontractor • Performance on site Subcontractor • damage on site Subcontractor • defective work/material notice www.bstructured.co.uk #minrisk2maxmargin 30

POST CONTRACT PHASE : BREAKDOWN OF EACH SUB PHASE www.bstructured.co.uk #minrisk2maxmargin 31

Subcontractor Final • Account Statement Post Internal Post Contract • Contract Meeting Activities Chasing Retention • Monies www.bstructured.co.uk #minrisk2maxmargin 32

Conclusion: Each systematic step goes from commencement to completion • These steps together bring the tools necessary for • teamworking/collaboration It mitigates the blame culture as it makes everyone accountable • www.bstructured.co.uk #minrisk2maxmargin 33

The end result; Minimising Risk by Maximum Margin!! www.bstructured.co.uk #minrisk2maxmargin 34

CONTACT DETAILS: GRANT TOD; FOUNDER OF BSTRUCTURED (PART OF QS ADVISOR LIMITED) E-MAIL: grant@qsadvisor.com LINKEDIN: www.linkedin/in/granttod WEBSITE: www.bstructured.co.uk www.bstructured.co.uk #minrisk2maxmargin 35